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Examine one example of how the policies of the European Union have influenced Ireland’s economic development. - Leaving Cert Geography - Question 1 - 2008

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Examine one example of how the policies of the European Union have influenced Ireland’s economic development.

Worked Solution & Example Answer:Examine one example of how the policies of the European Union have influenced Ireland’s economic development. - Leaving Cert Geography - Question 1 - 2008

Step 1

Influenced Named

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Answer

The policy of EU membership has significantly influenced Ireland's economic development.

Step 2

Policy identified

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Answer

One of the critical policies is the EU's Cohesion Policy, particularly the funding provided through the European Structural and Investment Funds.

Step 3

Discussion on EU Cohesion Policy and its Impact

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101 rated

Answer

The EU's Cohesion Policy has had a profound impact on Ireland's infrastructure and economic growth. This policy aimed to reduce regional disparities and promote balanced development across its member states.

In Ireland, substantial investments from these funds have been allocated to enhance transport infrastructure, education, and technology. This has facilitated greater connectivity and attracted foreign direct investment (FDI), especially in the technology and pharmaceutical sectors. For instance, the upgrading of roads and public transport networks has improved accessibility, enabling businesses to operate more efficiently.

Moreover, the investments in education and workforce development have improved human capital. With the support of EU funding, vocational training programs have been enhanced, equipping the workforce with necessary skills to meet the demands of a growing economy. This positive development has, in turn, led to higher employment rates and a more competitive economy.

However, some arguments suggest that reliance on EU funding can lead to complacency in domestic policy-making and infrastructure development. Critics argue that this dependency might hinder sustainable economic practices in the long term.

In summary, while EU Cohesion Policy has played a vital role in bolstering Ireland's economic development through infrastructure and educational improvements, it is essential to balance this with efforts to foster sustainable growth.

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